Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

NASDAQ SVVC opened at $0.23 on Wednesday. Firsthand Technology Value Fund has a 1-year low of $0.17 and a 1-year high of $0.98. The firm has a market cap of $1.60 million, a PE ratio of 1.45 and a beta of 1.43. The stock has a 50-day moving average of $0.24 and a 200-day moving average of $0.26.

Firsthand Technology Value Fund (NASDAQ:SVVC) last announced its quarterly earnings results on Thursday, March 28th. The investment management company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.03 million during the quarter.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.